Overview
- TickerGRTUF on OTC2
- IndustryReal Estate Investment Trusts2
- HeadquartersToronto, Canada2
- Incorporated inOntario, Canada4
- Business address77 King St. West, Suite 4010, P.O. Box 159, Td Centre, Toronto, M5K 1H14
- Filer categoryLarge accelerated filer4
- Legal formInvestment Fund2
- Kind of organizationFund2
- LEI549300A6I7CLE0ZC03962
- StatusActive2
- LEI statusIssued and current2
- Registered address77 King Street West, Suite 4010, M5K 1H1 Toronto, Canada2
- Registered withCanadian Securities Administrators, 000340772
Financials
From the company’s reports to the SEC. Every number links to the filing it came from. Figures are in CAD, the currency the company reports in.
Key numbers, fiscal 2024
Where the money goes
Where each dollar of revenue went, fiscal 2024
- Other costs15¢86.5M CAD
- Interest16¢89.9M CAD
- Income tax5¢30.9M CAD
- Profit64¢361.9M CAD
Out of 569.1M CAD in revenue.3
Financial statements
No quarterly figures reported.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 244.7M CAD6 | 247.5M CAD7 | 273.7M CAD8 | 340.2M CAD9 | 393.5M CAD10 | 455.6M CAD11 | 521.2M CAD3 | 569.1M CAD3 |
| Operating income | 213.3M CAD6 | 216.5M CAD7 | 238.3M CAD8 | 293.0M CAD9 | 332.7M CAD10 | 380.4M CAD11 | 435.2M CAD3 | 472.0M CAD3 |
| Interest | 47.2M CAD10 | 51.0M CAD11 | 78.7M CAD3 | 89.9M CAD3 | ||||
| Income before tax | 1.6B CAD10 | 92.2M CAD11 | 129.0M CAD3 | 392.8M CAD3 | ||||
| Income tax | 240.6M CAD10 | -63.7M CAD11 | -9.5M CAD3 | 30.9M CAD3 | ||||
| Net income | 357.7M CAD6 | 465.4M CAD7 | 382.3M CAD8 | 429.9M CAD9 | 1.3B CAD10 | 155.8M CAD11 | 138.5M CAD3 | 361.9M CAD3 |
No quarterly figures reported.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Cash | 69.0M CAD7 | 658.2M CAD8 | 298.7M CAD9 | 831.3M CAD10 | 402.5M CAD11 | 135.1M CAD3 | 116.1M CAD3 | 126.2M CAD3 |
| Receivables | 10.8M CAD10 | 12.2M CAD11 | 12.2M CAD3 | 18.3M CAD3 | ||||
| Property, plant and equipment | 2.5M CAD10 | 4.0M CAD10 | ||||||
| Total assets | 3.2B CAD6 | 4.2B CAD7 | 4.8B CAD8 | 6.7B CAD9 | 8.6B CAD10 | 9.3B CAD11 | 9.1B CAD3 | 9.6B CAD3 |
| Accounts payable | 113.2M CAD10 | 114.8M CAD11 | 94.3M CAD3 | 99.1M CAD3 | ||||
| Short-term debt | 0 CAD9 | |||||||
| Long-term debt | 2.4B CAD9 | |||||||
| Long-term liabilities | 3.1B CAD10 | 3.2B CAD11 | 3.4B CAD3 | 3.7B CAD3 | ||||
| Total liabilities | 1.1B CAD6 | 1.7B CAD7 | 1.7B CAD8 | 2.8B CAD9 | 3.2B CAD10 | 3.8B CAD11 | 3.8B CAD3 | 3.9B CAD3 |
| Shareholders’ equity | 2.1B CAD7 | 2.5B CAD8 | 3.1B CAD9 | 3.9B CAD10 | 5.3B CAD11 | 5.5B CAD3 | 5.3B CAD3 | 5.7B CAD3 |
| Shares outstanding | 46.9M shares12 | 45.7M shares6 | 54.1M shares7 | 61.7M shares8 | 65.7M shares9 | 63.7M shares10 | 63.4M shares11 | 62.7M shares3 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 158.7M CAD6 | 157.9M CAD7 | 183.4M CAD8 | 249.3M CAD9 | 262.3M CAD10 | 277.5M CAD11 | 313.2M CAD11 | |
| Depreciation and amortization | 1.3M CAD10 | 1.6M CAD11 | 1.3M CAD3 | 1.3M CAD3 | ||||
| Capital spending | 111.0K CAD7 | 176.0K CAD8 | 1.7M CAD9 | 589.0K CAD10 | 807.0K CAD11 | 285.0K CAD3 | 125.0K CAD3 | |
| Free cash flow | 157.8M CAD | 183.3M CAD | 247.6M CAD | 261.7M CAD | 276.7M CAD | 312.9M CAD | ||
| Cash from investing | -1.0B CAD10 | -766.6M CAD11 | -128.1M CAD3 | -65.5M CAD3 | ||||
| Share buybacks | 0 CAD10 | 155.5M CAD11 | 27.0M CAD3 | 45.8M CAD3 | ||||
| Cash from financing | 333.5M CAD10 | 214.6M CAD11 | -203.1M CAD3 | -267.5M CAD3 |
Compare GRANITE REAL ESTATE INVESTMENT TRUST with another company
Corporate structure
GRANITE REAL ESTATE INVESTMENT TRUST sits at the top of its group. 3 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of GRANITE REAL ESTATE INVESTMENT TRUST
- 1832 Asset Management L.P. Filed SCHEDULE 13G/A on GRANITE REAL ESTATE INVESTMENT TRUST, latest May 1, 2026 (4 filings since Feb 12, 2024)
- BlackRock Filed SCHEDULE 13G/A on GRANITE REAL ESTATE INVESTMENT TRUST, latest Oct 17, 2025
- CIBC Asset Management Inc Filed SCHEDULE 13G/A on GRANITE REAL ESTATE INVESTMENT TRUST, latest Aug 14, 2025 (2 filings since Nov 13, 2024)
- FIL Ltd Filed SC 13G/A on GRANITE REAL ESTATE INVESTMENT TRUST, latest Nov 12, 2024 (2 filings since Feb 9, 2024)
- GRANITE REAL ESTATE INVESTMENT TRUST Toronto, Ontario, Canada
- Granite Europe B.V. 100% · Amsterdam, Netherlands
- Société en commandite Holding FPI Granite Subsidiary · 100% · Montréal, Quebec, Canada
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What GRANITE REAL ESTATE INVESTMENT TRUST reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Operating-lease assets (leased space) | 1.8M CAD3 Dec 31, 2024 | 2.2M CAD10 Dec 31, 2022 | −18.2% |
Real estate and locations
| Item | Latest | A year before | Change |
|---|---|---|---|
| Real estate investments, net | 9.4B CAD3 Dec 31, 2024 | 8.8B CAD3 Dec 31, 2023 | +6.7% |
Investments
Subsidiaries and ownership
Also consolidated
- Granite Europe B.V. 100%5
Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record.
Timeline
- Sep 28, 2012Founded GRANITE REAL ESTATE INVESTMENT TRUST is founded2
Filings
146 filings to the SEC since October 2021: 4 annual reports, 10 large holders, 132 other. The latest 20:
- May 1, 2026SCHEDULE 13G/A EDGAR
- Jan 5, 202615F-12B EDGAR
- Jan 5, 2026S-8 POS EDGAR
- Dec 22, 202525 EDGAR
- Dec 17, 20256-K EDGAR
- Dec 12, 20256-K EDGAR
- Dec 10, 20256-K EDGAR
- Dec 2, 2025SCHEDULE 13G EDGAR
- Nov 14, 20256-K EDGAR
- Nov 5, 20256-K EDGAR
- Oct 17, 2025SCHEDULE 13G/A EDGAR
- Oct 17, 20256-K EDGAR
- Sep 16, 20256-K EDGAR
- Aug 18, 20256-K EDGAR
- Aug 14, 2025SCHEDULE 13G/A EDGAR
- Aug 6, 20256-K EDGAR
- Jul 31, 2025SCHEDULE 13G/A EDGAR
- Jul 17, 20256-K EDGAR
- Jun 17, 20256-K EDGAR
- Jun 5, 20256-K EDGAR
The 146 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- 1832 Asset Management L.P.SCHEDULE 13G/A, 4 filings Feb 12, 2024 to May 1, 202613
- BlackRockSCHEDULE 13G/A, 1 filing Oct 17, 202514
- CIBC Asset Management IncSCHEDULE 13G/A, 2 filings Nov 13, 2024 to Aug 14, 202515
- FIL LtdSC 13G/A, 2 filings Feb 9, 2024 to Nov 12, 202416
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| UniSuper Management Pty Ltd | 7,300 | $699.3K | 0.0% | −5,100 |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How GRANITE REAL ESTATE INVESTMENT TRUST is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARGRANITE REAL ESTATE INVESTMENT TRUST1
- CIK0001564538
- Employer ID (EIN)98-60682691
- Filer statusLarge accelerated filer not an emerging growth company1
- Incorporated inCanada17
- Fiscal year endsDecember 311
- Industry code (SIC)6798 Real Estate Investment Trusts1
- SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
- Business address77 King St. West, Suite 4010, P.O. Box 159, Td Centre, Toronto, M5K 1H1, Ontario, Canada1
- Phone647-925-75001
- Shares outstanding62,724,884 shares as of Dec 31, 202417
- AuditorDeloitte LLP, Toronto, ON, Canada PCAOB ID 1208; it also attests to the company’s internal control over financial reporting17
- On EDGAR sinceDec 21, 20121
- Filings468 in all: 6-K (351), SC 13G/A (23), 40-F (13), F-X (13), SC 13G (12), F-X/A (10), F-10 (8), UPLOAD (7)1
All 25 form types
SCHEDULE 13G/A (6), CORRESP (4), SC 13D/A (3), F-10POS (2), S-8 (2), S-8 POS (2), SCHEDULE 13G (2), 15F-12B (1), 25 (1), 25-NSE (1), 40FR12B (1), 6-K/A (1), 8-A12B (1), CERT (1), CERTNYS (1), SC 13D (1), SUPPL (1)
- Latest filingsAnnual report (40-F) Feb 26, 2025
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| units | GRP.U | The New York Stock Exchange |
From the cover page of the 40-F filed Feb 26, 2025 (Section 12(b) of the Exchange Act).17
Sources
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